What is a stamp duty?


A stamp duty is a tax levied by the government on legal documents such as cheques, receipts, land transactions and marriage licences. The most common stamp duties include the stamp duty land tax levied on land and the stamp duty reserve tax or the stamp duty levied on stocks and shares. Normally, the stamp duty rates are fixed and payable upon completion of a purchase.
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Ask.com Answer for: what is stamp duty
Stamp Duty
The tax placed on legal documents usually in the transfer of assets or property. This duty is customary in the Commonwealth of Nation countries including Singapore and Australia and certain states in the United States. Where enforced, this tax is pla... More »
This is a catch-all term for many number of different types of taxes that are levied on documents that transfer ownership of shares.
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